Park Place Development

3000 Pennsylvania Avenue Kansas City, MO 64108

FOR SALE
Property Type:
Other Land
Amount:
$3,800,000
Last Verified:
May 09, 2019

Highlights

  • Asking price $3,800,000
  • 2.77 Class A acres ready for development
  • Includes four levels of existing parking structure (800 +/- spaces). Note that One Park Place condominium residents have perpetual easement for entire Level B.
  • Outstanding Midtown development opportunity for hotel, multi-family, street-level retail, offices, or corporate headquarters
  • Close to key entertainment areas of Crossroads, Midtown, Downtown Kansas City, The Country Club Plaza
  • Adjacent to Penn Valley Park

Description

This 2.77 acres property currently consists of an open lot facing 31st Street with an adjacent parking structure consisting of approximately 600 parking spaces. Current configuration offers such diverse prospective uses as apartments, hotel, restaurant, and office/corporate headquarters. The property readily lends itself to street level retail as a highlighted feature along 31st street.

The property is located adjacent to the former BMA Tower which is now One Park Place Condominiums on 31st Street between Southwest Trafficway to the west and Pennsylvania to the east.

Lot Size: 2.77 acres

Map of 3000 Pennsylvania Avenue, Kansas City, MO, 64108

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.